Recently added articles from Norges Bank. Inflation Report:
Monetary Policy Report
Mar 01, 2007; ... Reports from the Central Bank of Norway No 1/2007 Monetary policy in Norway Objective The operational target of monetary policy is low and stable inflation, with annual consumer price inflation of approximately 2.5 per cent over time. Implementation Norges ...
Changing trajectories
Nov 01, 2006; ... The different phases of the current cyclical upturn have spanned longer periods than we had expected. As a result of strong growth in productivity and a temporary fall in sickness absence, private and public enterprises were able to increase production without increasing the number employed for ...
Inflation Report with monetary policy assessments
Jun 01, 2006; ... Reports from the Central Bank of Norway No 3/2006 1 | Monetary policy assessments and strategy The economic situation As a result of a marked reduction in interest rates in 2003 and into 2004, monetary policy has made a contribution to boosting demand for goods and ...
Editorial
Jun 01, 2006; ... Unchanged pace The cyclical expansion in the Norwegian economy is continuing. Profitability in the business sector is solid. Enterprises are borrowing and investing. Building starts are high. High oil prices are supporting strong growth in activity in Norway's coastal regions and among ...
Editorial
Mar 01, 2006; ... A reasonable trade-off Growth in the Norwegian economy has been high since summer 2003 and the upturn is now broad-based. Employment is moving up and unemployment is falling rapidly. The risk of bottlenecks and gradually higher cost inflation is increasing. However, inflation is still ...
Inflation Report with monetary policy assessments
Mar 01, 2006; ... Reports from the Central Bank of Norway No 1/2006 1 Monetary policy assessments and strategy The economic situation The Norwegian economy is continuing to grow at a solid pace this year. Capacity utilisation is slightly above the normal level. The level of idle resources ...
Editorial
Nov 01, 2005; ... Norses Bank's interest rate projections Low interest rates and expectations of continued low real interest rates are contributing to sustaining the cyclical upturn. Buoyant growth in other countries, terms-of-trade gains and higher demand in the petroleum industry are also important ...
Monetary policy assessments and strategy
Nov 01, 2005; ... Norges Bank operates a flexible inflation targeting regime, so that weight is given to both variability in inflation and variability in output and employment in interest rate setting. Flexible inflation targeting builds a bridge between the long-term objective of monetary policy, which is to ...
Boxes
Nov 01, 2005; ... Increased imports from low-cost countries Effects of high oil prices on the world economy The projections in Inflation Report 2/05 and 3/05 Increased imports from low-cost countries Prices for imported goods in the consumer price index are largely determined by the exchange rate ...
Annex I: Regional network
Nov 01, 2005; ... Norges Bank's regional network Norges Bank's regional network was established in autumn 2002 and consists of enterprises, organisations and local authorities throughout Norway. Five times a year, we interview to business and community leaders concerning financial developments in their ...
The economic situation
Nov 01, 2005; ... The international economy Global GDP growth in 2004 was the highest for more than 30 years, but high oil prices have led to somewhat slower growth in 2005. However, most newly industrialised economies in Asia are still expanding at a fast pace. It appears that the Chinese economy will ...
Accuracy of short-term interest rate expectations
Nov 01, 2005; ... Since autumn 2002, Norges Bank has published an interest rate interval which it deems appropriate for the coming four months. The interval was previously published after the relevant period, but since 2004 it has been communicated ahead of the period to which it applies.1 The chart below shows ...
Developments ahead
Nov 01, 2005; ... The global economy The outlook for the global economy is considered to be favourable. Among many of our trading partners, economic policy is oriented towards stimulating activity, which is countering the effects of higher oil prices. Domestic demand among main trading partners ...
Uncertainty surrounding future interest rate developments
Nov 01, 2005; ... There is substantial uncertainty associated with future interest rate developments. Our assessment of the current economic situation and the functioning of the economy will have a considerable bearing. Assumptions concerning developments abroad, oil prices and fiscal policy will also influence ...
Slow normalisation of the interest rate
Jun 01, 2005; ... The reduction in the interest rate through 2003 and into 2004 has resulted in low real interest rates. The real interest rate has for a period been considerably lower than normal. The low level of interest rates is supporting the high activity level in the Norwegian economy. The upturn ...
Monetary policy assessments and strategy
Jun 01, 2005; ... Monetary policy easing through 2003 and into 2004 has resulted in low real interest rates. Short-term real interest rates are now probably considerably lower than the level that implies balance in the economy in the long term - the neutral real interest rate (see Chart 3.1). A low real interest ...
The economic situation
Jun 01, 2005; ... Financial markets Continued low international interest rates Low interest rates in the US and many other countries have been an important driving force behind the international cyclical upturn. Since the March Inflation Report, the key rate has been increased on two occasions in ...
Norges Bank's projections
Jun 01, 2005; ... The projections in the period to 2008 are based on our assessment of the economic situation described in section 1 and the driving forces discussed in section 2. The projections are based on the path for the interest rate and the exchange rate in the baseline scenario as discussed in section 3 ....
Annex I: Regional network
Jun 01, 2005; ... Norges Bank's regional network Norges Bank's regional network was established in autumn 2002 and consists of enterprises, organisations and local authorities throughout Norway. Five times a year, we talk to business and community leaders concerning financial developments in their ...
Monetary policy in Norway
Jun 01, 2005; ... Objective The operational target of monetary policy is low and stable inflation, with annual consumer price inflation of approximately 2.5 per cent over time. In general, direct effects on consumer prices resulting from changes in interest rates, taxes, excise duties and ...